Many entrepreneurs are not cashing in on the benefits of massive tax breaks offered by the government-backed Seed Enterprise Investment Scheme (SEIS). Although more than a thousand companies have applied for SEIS approval from HM Revenue & Customs, many other business that could benefit from start-up incentives could still be missing out on funding. The […]
Tax Articles
India’s U-Turn On Tough Tax Laws
India’s controversial bid to crackdown on people avoiding tax has suffered a setback – and the new laws are now to sit on the backburner for two years. The General Anti-Avoidance Rules (GAAR) targets foreign firms and investors from washing money through tax havens, particularly in Mauritius. One of the problems is that around 40% […]
Tax Choices For Expats Living In Britain
If you live in the UK but have a main home in another country, HM Revenue and Customs has issued new guidance about how to pay taxes. Essentially, taxpayers need to decide how they want to pay tax on their gains – such as the sale of property – and income from abroad. This is […]
Tax Havens Snub ‘Son Of FATCA’
Secretive financial haven ministers are snubbing an agreement with the British government that would allow a two-way flow of information between tax authorities. Dubbed ‘Son of FATCA’ after a similar controversial law in the US, the Jersey and Guernsey governments have declined to sign an agreement that would make them automatically reveal who is holding […]
Expat landlords should file a UK tax return
It’s coming around to tax return time for British expats again – and many forget that if they are renting out a property back home they still have to file a return wherever they may be living. As reported last month by iExpats.com, thousands of expats who leave Britain to work abroad for years at […]